Tivity Health (NASDAQ:TVTY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.
According to Zacks, “Tivity Health, Inc. provides health management services. The company offers services which include chiropractic services, physical therapy, occupational therapy, speech therapy, acupuncture, massage and complementary and alternative medicine services. Its network comprises SilverSneakers(R), Prime(R) Fitness and WholeHealth Living (TM). Tivity Health, Inc., formerly known as Healthways, Inc., is based in Franklin, Tennessee. “
Other analysts have also issued reports about the company. StockNews.com started coverage on Tivity Health in a research note on Thursday, March 31st. They set a “hold” rating on the stock. William Blair reissued a “market perform” rating on shares of Tivity Health in a research note on Thursday, February 24th. Credit Suisse Group lifted their price target on Tivity Health from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, March 11th. Finally, Barrington Research lowered Tivity Health from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 5th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.67.
NASDAQ:TVTY traded up $0.07 during trading hours on Wednesday, hitting $32.28. The company’s stock had a trading volume of 6,543 shares, compared to its average volume of 763,603. The stock has a fifty day simple moving average of $31.59 and a 200-day simple moving average of $28.04. The company has a market capitalization of $1.61 billion, a P/E ratio of 18.88, a PEG ratio of 1.80 and a beta of 2.14. The company has a debt-to-equity ratio of 2.97, a current ratio of 2.47 and a quick ratio of 2.24. Tivity Health has a twelve month low of $21.25 and a twelve month high of $32.89.
Tivity Health (NASDAQ:TVTY – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). Tivity Health had a net margin of 17.25{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} and a return on equity of 75.94{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c}. The business had revenue of $127.51 million during the quarter, compared to analyst estimates of $132.21 million. During the same period last year, the business earned $0.40 earnings per share. The business’s quarterly revenue was up 18.0{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} compared to the same quarter last year. On average, equities analysts predict that Tivity Health will post 1.78 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Morgan Stanley increased its holdings in shares of Tivity Health by 336.2{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} during the third quarter. Morgan Stanley now owns 3,503,870 shares of the company’s stock valued at $80,798,000 after acquiring an additional 2,700,648 shares in the last quarter. Norges Bank bought a new stake in shares of Tivity Health during the fourth quarter valued at approximately $16,828,000. BlackRock Inc. increased its holdings in shares of Tivity Health by 7.3{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} during the third quarter. BlackRock Inc. now owns 6,937,974 shares of the company’s stock valued at $159,989,000 after acquiring an additional 474,654 shares in the last quarter. Patient Capital Management LLC bought a new stake in shares of Tivity Health during the fourth quarter valued at approximately $9,106,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Tivity Health by 107.5{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} during the first quarter. JPMorgan Chase & Co. now owns 557,828 shares of the company’s stock valued at $17,945,000 after acquiring an additional 288,972 shares in the last quarter. Institutional investors and hedge funds own 91.54{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} of the company’s stock.
Tivity Health Company Profile (Get Rating)
Tivity Health, Inc provides fitness and health products and solutions in the United States. The company offers SilverSneakers to members of Medicare Advantage, Medicare Supplement, and group retiree plans; Prime Fitness, a fitness facility access program through commercial health plans, employers, and other sponsoring organizations; virtual fitness experiences, including live instructor-led classes; and WholeHealth living program, a continuum of services related to complementary, alternative, and physical medicine.
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